Jewellery is one of the most valuable assets that people possess. With increasing purchasing power and lust for showing high status people are happy to spend a high amount and thereby jewelry business is growing manifolds. But since the value of the goods in a jewelry store is high there is always a threat of theft which results in huge losses. RFID technology has overcome this alarming issue by providing solutions to jewelry stores for fool proof security. In addition the technology also provides real-time visibility of the inventory which helps to make accurate purchasing decisions. RFID in jewelry can thus help to ensure an optimal supply chain inventory level, while lowering the overall operating expenses.

PAIN AREAS
• Weak Security: A jewelry store is perhaps one such store which ha the most highly priced products. Higher the value higher is the extent of security required. The threat of theft or loss of assets thus requires the deployment of a error less tracking technology.

• Time Consuming Inventory Taking: A jewelry store stacked with thousands of high valued ornaments find it difficult to know the exact stock of jewelry in their stores since currently the entire process is manual and hence time consuming. The need of these stores is thus a system that can automate the inventory taking process thus reducing manual effort and saving time.

• In-effective contemporary technologies: Solutions like surveillance cameras and EAS are in-effective in the present system due to various reasons. Surveillance cameras are post-treatment method. It helps in identifying the security breach once the item is stolen. It does not help in
controlling the theft. EAS becomes unfeasible due to bigger tag size. Moreover it can be easily detached from the item.

HOW THE TECHNOLOGY WORKS
1. RFID Sensors are spread across the stores that keep talking to each and every jewelery item with the help of tag. They help in getting real-time inventory. This enables automated and real time inventory management.

2. RFID Gate Sensor keep track of all items going out of store. In case of any unauthorized movement, alarm is raised.

3. Tamper poof tag mechanism: The tags provided by us are active and cannot be detached easily from the high value item. It raises an alarm if it is tampered with.
 

BENEFITS OF RFID IN JEWELRY: • Helps to get inventory status report: It helps to keep a record of all the ornaments in the store. RFID eliminates inefficiencies in processes such as manual counting and cuts down on manpower. • Locate & Track Your jewelry Real Time: RFID can be used to track and trace thousands of jewelry pieces real-time as they move from the strong room to consignments, to retail display shelves to eventual final sales of each piece of jewelry. Accurate traceability of each and every individual jewelry piece is now possible. This enables to make quick and accurate inventory decisions that results in an optimal supply chain inventory levels.   • Enhanced the Security of Your Store: By tagging each jewelry with RFID, displaced or missing items can be found quickly. RFID also implements early theft detection by issuing an alert when a jewelry piece is removed without proper checkout by the authorized personnel. It thus helps to reduce theft and prevent loss of valuable jewelry items.   • Save Overall Operating Costs: Inventory management takes up more than 60% - 70% of the operational time of a jewelry business. Currently tracking thousands of jewelry items in the strongroom and retail display spaces are time consuming and error prone. Using RFID hundreds of jewelry items can be automatically captured in the entire supply chain with little human intervention. • Increase Potential Retail Sales: RFID empowers the retail business with detail knowledge of customer shopping behaviour within your stores. Using RFID, one can find out the average shelf life of the jewelry item, the effectiveness of product physical positioning in relation to sales, customer buying patterns etc. The data collected can be used to analyse customer needs, which will in turn determine the company's sourcing pattern/ quantity and inventory management.